Buy Colgate Palmolive, MphasiS, BGR Energy: Jay Thakkar

In CNBC-TV18's popular show Bull's Eye, Jay Thakkar of Sharekhan shares trading strategy of the day.Colgate Palmolive has formed a bullish inverse head and shoulders pattern. I think that breakout is quite likely on the upside. The stock has given a breakout from its previous high and as well as the momentum indicators in the buy mode, I think that the targets of Rs 2,110 looks quite achievable. The previous swing low of Rs 2,024 is a crucial support, so with that as a stoploss one can buy Colgate at the current market price and the target comes to Rs 2,110.MphasiS has given a good breakout in yesterday's trading session along with other IT stocks. The stock is trading well above its short-term average as well as the momentum indicator has given a buy crossover. So in the very near-term Rs 436 is the target whereas Rs 410 is a good support and that can be kept as a stoploss.BGR Energy shows a clear impulse pattern on the daily charts and in yesterday's trading session what we have seen is the stock corrected till its previous fourth wave, it has taken support around those levels hence Rs 121.20 becomes a very crucial support. So that should be placed as a stoploss whereas the very near-term target comes to around Rs 128.50.NCC has given a breakout from its symmetrical triangle pattern. It has retested the triangle pattern hence I think that till the levels of Rs 81.30 are not broken the pattern still is valid and in the very near-term one can see the levels of Rs 86 on the upside.